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News in English (USA) / 02.03.2025 / 12:00

Major Corporations Scale Back Diversity, Equity, and Inclusion Initiatives Amid Political Pressure

In recent weeks, a significant number of major U.S. corporations have announced rollbacks of their diversity, equity, and inclusion (DEI) initiatives, following increased political pressure and the impact of recent policies. Notable companies such as Bank of America, Wells Fargo, and BlackRock have either scrapped diversity hiring goals or altered their DEI commitments in annual reports. Citigroup has joined this trend, signaling a potential shift in Wall Street’s approach to diversity programs. As debates continue over the effectiveness and necessity of DEI in corporate practices, some firms are changing the language around these initiatives or phasing them out entirely, leading to a polarized corporate landscape where the future of diversity efforts remains uncertain.
BBC.com, Reuters, USA TODAY, Quartz, Straight Arrow News, TIME, The Associated Press, Bloomberg, Fox Business, Style